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having deficits. remember, there was a trillion dollars in debt before we got here. that's got to be paid by our children and grandchildren, too, if we don't do it. and i'm hoping we can start some payments on it before we get through here. that's why i want another 4 years. >> well, we have time now, if you'd like to answer the president's question, or whatever rebuttal. >> well, we've just finished almost the whole debate. and the american people don't have the slightest clue about what president reagan will do about these deficits. and yet, that's the most important single issue of our time. i did support the '76 measure that he told about, because we were in a deep recession and we needed some stimulation. but i will say as a democrat, i was a real piker, mr. president. in 1979 we ran a $29 billion deficit all year. this administration seems to run that every morning. and the result is exactly what we see. this economy is starting to run downhill. housing is off. last report on new purchases, it's
having deficits. remember, there was a trillion dollars in debt before we got here. that's got to be paid by our children and grandchildren, too, if we don't do it. and i'm hoping we can start some payments on it before we get through here. that's why i want another 4 years. >> well, we have time now, if you'd like to answer the president's question, or whatever rebuttal. >> well, we've just finished almost the whole debate. and the american people don't have the slightest clue...
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Oct 2, 2012
10/12
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the obama budget has been scored by the cbo and has a 2.4% deficit-reduction in the next 10 years. you can argue over what you think that is enough in not to stabilize the debt to gdp ratio but conversely, i'm not actually sure i would want to see ronnie detail all of the tax expenditure changes he says he will come up with. the problem, of course, is betting campaign, if people -- is tt in campaigns, if people start putting out more detailed proposals, demobilize the opposition. this is kind of like the 1993 securities commission. the two parties can hold hands and they do not start out being a brahney proposal or an obama proposal or a republican proposal or a democrat proposal. i am interested in what is in the debates in the next four weeks -- i am less interested in what is in the debates in the next four weeks and then what the vendor does in the weeks after the election. >> why would you like to hear -- what would you like to hear obama say in the weeks after the election? >> we are not going to have a deal that does not have revenues and spending. the biggest obstacle is on
the obama budget has been scored by the cbo and has a 2.4% deficit-reduction in the next 10 years. you can argue over what you think that is enough in not to stabilize the debt to gdp ratio but conversely, i'm not actually sure i would want to see ronnie detail all of the tax expenditure changes he says he will come up with. the problem, of course, is betting campaign, if people -- is tt in campaigns, if people start putting out more detailed proposals, demobilize the opposition. this is kind...
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Sep 27, 2012
09/12
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we have tremendous deficit. fiscal cliff, health care, it is enormously expensive, it is driving a problem. one of the biggest reasons for dead. >> we need to fix the problems facing people throughout the years. ashley: very good. paul howard, thank you for being here. okay, so if you are fired up about this or any others, send us an e-mail at fox business.com. gerri willis at fox business.com. >> new numbers are out. rich edson is here with the latest details next. this used to be a land where americans dreams come true. did the golden state loses shine for dead? michael reagan weighs in. you play your cards right, you, too, can cash them at mitt romney did on his tax returns. we are on the case on "willis report" yeah, i'm looking to save, but i'm not sure which policy is right for me. you should try our coverage checker. it helps you see if you have too much coverage or not enough, making it easier to get what you need. [ beeping ] these are great! [ beeping ] how are you, um, how are you doing? i'm going to
we have tremendous deficit. fiscal cliff, health care, it is enormously expensive, it is driving a problem. one of the biggest reasons for dead. >> we need to fix the problems facing people throughout the years. ashley: very good. paul howard, thank you for being here. okay, so if you are fired up about this or any others, send us an e-mail at fox business.com. gerri willis at fox business.com. >> new numbers are out. rich edson is here with the latest details next. this used to be...
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[cheers and applause] we have already reduced the deficit. in four years, we will reduce it by another $1 trillion. there is an easy way to do this. we have to make some difficult decisions. we have to ask the very wealthy to pay more. ladies and gentlemen, we are going to end the war in afghanistan as we did in iraq. [cheers and applause] and in the process, over the next decade, save over $800 million. we're going to come home with that money and put half of it down to reduce the debt and half of it to rebuild america! [cheers and applause] roads, bridges, schools. that will support millions over time. initially, tens of thousands of new, good paying, decent jobs that you can raise a family on. folks, one more thing. in this country, we only have one truly sacred obligation. we have a lot of obligations to the elderly, to the young. we only have one truly sacred obligation. that is to equip and support those whom we sent to war and care for them when they come home from war. [cheers and applause] how many of you either have personally serve
[cheers and applause] we have already reduced the deficit. in four years, we will reduce it by another $1 trillion. there is an easy way to do this. we have to make some difficult decisions. we have to ask the very wealthy to pay more. ladies and gentlemen, we are going to end the war in afghanistan as we did in iraq. [cheers and applause] and in the process, over the next decade, save over $800 million. we're going to come home with that money and put half of it down to reduce the debt and...
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Sep 28, 2012
09/12
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one of the toughest pieces of legislation that i had to pass of a deficit and re reduction a, we got it back from the senate 45 billion, and by time it of 40 billion its was a huge lift. neil: did you it and you are proof that you know that kind of stuff can get done, you both, serve your country admirably, have you have to go back to washington, and fix this. thank you very much. >> you're welcome. neil: we'll have more right after this. i know the name of eight princesses. i'm an expert on softball. and tea parties. i'll have more awkward conversations than i'm equipped for because i'm raising two girls on my own. i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. pettus. >> you might not believe this but as a kid i would have to explain a bad grade to my parents. i came up with duties. one time i said this teacher was ridiculously tough. trying to make lemonade i remi
one of the toughest pieces of legislation that i had to pass of a deficit and re reduction a, we got it back from the senate 45 billion, and by time it of 40 billion its was a huge lift. neil: did you it and you are proof that you know that kind of stuff can get done, you both, serve your country admirably, have you have to go back to washington, and fix this. thank you very much. >> you're welcome. neil: we'll have more right after this. i know the name of eight princesses. i'm an expert...
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Sep 30, 2012
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having deficits. remember, there was a trillion dollars in debt before we got here. that's got to be paid by our children and grandchildren, too, if we don't do it. and i'm hoping we can start some payments on it before we get through here. that's why i want another 4 years. >> well, we have time now, if you'd like to answer the president's question, or whatever rebuttal. whatever rebuttal. >> well, we've just
having deficits. remember, there was a trillion dollars in debt before we got here. that's got to be paid by our children and grandchildren, too, if we don't do it. and i'm hoping we can start some payments on it before we get through here. that's why i want another 4 years. >> well, we have time now, if you'd like to answer the president's question, or whatever rebuttal. whatever rebuttal. >> well, we've just
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Oct 2, 2012
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it seems do-able on paper, but, remember, a a lot of daylight on deficit reduction between republicans and democrats such as would gets the tax cuts and what and how federal government should be cut. those are and will be pitched battles on capitol hill. >>neil: ahead the debate, we will just say our denver fans are out in force. they must have known i would be wearing body paint. they heard that neil cavuto is coming to town and boy do we have great debate coverage planned for them and all of you at 4:00 p.m. eastern. in florida, republican congressman west has been making news and we have former governor wilder, and former governor giuliani and former debt commission co-chair, alan simpson and sarah palin joining us, home depot founder, the democratic mayor of los angeles, as well. watch us. you can tivo bret baier. he is okay with it. the guy is a saint. a saint. anyway, bucking china in the buckeye state. telling companies to lay off the lay off notices five weeks ahead of the election. do you notice a pattern here? we do. you report. you decide. the world needs a broader mix of en
it seems do-able on paper, but, remember, a a lot of daylight on deficit reduction between republicans and democrats such as would gets the tax cuts and what and how federal government should be cut. those are and will be pitched battles on capitol hill. >>neil: ahead the debate, we will just say our denver fans are out in force. they must have known i would be wearing body paint. they heard that neil cavuto is coming to town and boy do we have great debate coverage planned for them and...
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Sep 28, 2012
09/12
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one of the toughest pieces of legislation that i had to pass of a deficit and re reduction a, we got it back from the senate 45 billion, and by time it of 40 billion its was a huge lift. neil: did you it and you are proof that you know that kind of stuff can get done, you both, serve your country admirably, have you have to go back to washington, and fix this. thank you very much. >> you're welcome. neil: we'll have more rig with the spark miles card from capital one, thor's couture gets the most rewards of any small business credit card. your boa! [ garth ] thor's small business earns double miles on every purchase, every day! ahh, the new fabrics, put it on my spark card. [ garth ] why settle for less? the spiked heels are working. wait! [ garth ] great businesses deserve the most rewards! [ male announcer ] the spark business card from capital one. choose unlimited rewards with double miles or 2% cash back on every purchase, every day! what's in your wallet? [ cheers and applause ] has oats that can help lower cholesterol? and it tastes good? sure does! wow. it's the honey, it mak
one of the toughest pieces of legislation that i had to pass of a deficit and re reduction a, we got it back from the senate 45 billion, and by time it of 40 billion its was a huge lift. neil: did you it and you are proof that you know that kind of stuff can get done, you both, serve your country admirably, have you have to go back to washington, and fix this. thank you very much. >> you're welcome. neil: we'll have more rig with the spark miles card from capital one, thor's couture gets...
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Oct 2, 2012
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[laughter] on the deficit it was that the deficits do not matter. biology boggles some of them, that guy in missouri, too, for that matter. what happens the morning after the election from a loses? i wonder about the morning after the morning after though. we have gone way too far to the right and we need a different republican party. we need a center-right republican party which i think the country really needs. it needs to be a check on the rate -- the left and center left and that is the only way we will get a check on these issues. >> history suggests the second term of clinton and reagan were the productive terms where they had big achievements. it's hard to know whether the republican party, where they will portion the blame if that happens. the question is how they decide to spend the next four years. i think it's very hard to tell, but there is some hope in looking back at both clinton and reagan. >> reagan was also considered a far right and it took running a far right republican party at the time by whoever the thomas friedman equivalent w
[laughter] on the deficit it was that the deficits do not matter. biology boggles some of them, that guy in missouri, too, for that matter. what happens the morning after the election from a loses? i wonder about the morning after the morning after though. we have gone way too far to the right and we need a different republican party. we need a center-right republican party which i think the country really needs. it needs to be a check on the rate -- the left and center left and that is the...
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Oct 1, 2012
10/12
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and accumulating greater debt, that the country had a budget deficit, a trade deficit, a balance of payments deficit, and the fourth one you brought up was a leadership deficit. >> leadership is the greatest. >> can i ask you both, describe what is the problem with what appears to be in your mind a leadership deficit, that we're not getting the leadership on this key issue either from this president or past presidents, this congress or pass congress aes/ what does it take to get elected officials to tackle at an issue, increasing their taxes? >> let's start with the families. they will get their attention. the voters have to understand all this, which they did not, and voters need to understand what we have to do to get all this corrected, and they do not. if we ever get that over to the voters, they will vote for the people who are geared up, ready, and know how to do it and are running on that basis, and then we can change this country forever and get us back to where we used to be when i was a boy in the depression. why schoolteachers and would have been doctors, lawyers, indian
and accumulating greater debt, that the country had a budget deficit, a trade deficit, a balance of payments deficit, and the fourth one you brought up was a leadership deficit. >> leadership is the greatest. >> can i ask you both, describe what is the problem with what appears to be in your mind a leadership deficit, that we're not getting the leadership on this key issue either from this president or past presidents, this congress or pass congress aes/ what does it take to get...
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Oct 3, 2012
10/12
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if you think about how we're running our country right now, we have about a 10% deficit when you look at the revenues we're bringing in and expenditures we have. rising interest rates would only exacerbate that problem. all of the policymakers know that, both on the monetary side and fiscal side. >> that's kind of a scary thought when you think about it. you seem to be saying that bernanke or whomever may run the fed in the future is going to be behold ton lower rates not necessarily to help jump-start the economies as well as make sure we don't get swamped by our budget deficit, if rates went up, our interest payments would escalate dramatically. >> david, that's exactly right. we may not be able to jump-start the economy. perhaps the best we can do is keep it from going into a free fall. that's a reality we're all contending with right now. >> all trying to figure out where we put our money in that scenario. lee, that for your time. lee partridge from salient partners. back to you guys. >>> there is mounting evidence that housing is really starting to turn the corner and the re-fi b
if you think about how we're running our country right now, we have about a 10% deficit when you look at the revenues we're bringing in and expenditures we have. rising interest rates would only exacerbate that problem. all of the policymakers know that, both on the monetary side and fiscal side. >> that's kind of a scary thought when you think about it. you seem to be saying that bernanke or whomever may run the fed in the future is going to be behold ton lower rates not necessarily to...
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Oct 1, 2012
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he's increased the deficit a trillion dollars a year. so let's start with the failures of this administration. mitt romney has said look, we've got to cut spending, we're broke, we've overpromised, we've overspent -- >> but sir -- >> and -- >> governor, where would he cut the spending. >> let's trust him on that. >> you cut a lot of domestic -- we've already got a plan to cut a trillion -- $1.2 trillion. half of it is balanced on defense spending in a time of war. that's a mistake. and so i think we need to cut trillions of dollars in order to get our budget balanced. and you could start with cutting two or three or 4% almost across the board some of the things that other governors have done, by i think you target it in those areas where the spending has not produced tangible results in the quality of life for the people. i can just tell you, andrea, i did it in virginia, governors like christie and scott and kasic and walker have done it in all of their states, mitt romney did it when he was governor of massachusetts, $3.5 billion defic
he's increased the deficit a trillion dollars a year. so let's start with the failures of this administration. mitt romney has said look, we've got to cut spending, we're broke, we've overpromised, we've overspent -- >> but sir -- >> and -- >> governor, where would he cut the spending. >> let's trust him on that. >> you cut a lot of domestic -- we've already got a plan to cut a trillion -- $1.2 trillion. half of it is balanced on defense spending in a time of war....
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Sep 25, 2012
09/12
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the 2 trillion spending cut for the president is not cutting the deficit it's lowering the rate of deficit and whatever cuts they are, take place down the road. and i digress, the president doesn't mention obamacare. that simply isn't part of his campaign and yet, that's the major achievement, i thought, of his first term. why is he running away from that as well the debt? >> i don't think he's running away from either. the president's speech at the convention, today as a result of his policies. people can't be kicked off because of pre-existing conditions, there are no lifetime-- there are kids treated for cancer today because of his policy that would have-- because of his policies that would have been denied coverage just a year ago. so the reality is he's talked about the impact that the health care policy had and tremendously positive. in fact for a lot of americans. those who have to repeal it have to figure out what to say to the parents who are getting the treatment that wouldn't otherwise. stuart: and nancy pelosi, speaker pelosi says, everybody knows it, president obama is going t
the 2 trillion spending cut for the president is not cutting the deficit it's lowering the rate of deficit and whatever cuts they are, take place down the road. and i digress, the president doesn't mention obamacare. that simply isn't part of his campaign and yet, that's the major achievement, i thought, of his first term. why is he running away from that as well the debt? >> i don't think he's running away from either. the president's speech at the convention, today as a result of his...
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that's 4 trillion straight years of dollar deficits. president obama says it's not a concern in the short-term. the debate tomorrow night and the obama camp there's concern that he is so smart, we won't understand what he's saying and this morning the media displays headlines that are clearly negative on governor romney. the dow will open higher again. congress is said to be working on a budget deal. that's a plus for stocks, but question, has the little guy missed this rally? we've got it all. wait till you hear herman cain go after a student heckler and wait until you see bill o'reilly on this program today. "varney & company" is about to begin. [ male announcer ] the markets keep moving. make sure the news keeps coming with thinkorswim by td ameritrade. use the news links breaking stories with possible breakout stocks, options with potential opportunity, futures and forex with in-depth analysis. it's an all-you-can-eat buffet for all things trading. thinkorswim by td ameritrade. it doesn't just deliver news. it's making news. trade c
that's 4 trillion straight years of dollar deficits. president obama says it's not a concern in the short-term. the debate tomorrow night and the obama camp there's concern that he is so smart, we won't understand what he's saying and this morning the media displays headlines that are clearly negative on governor romney. the dow will open higher again. congress is said to be working on a budget deal. that's a plus for stocks, but question, has the little guy missed this rally? we've got it all....
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we're focused on a fescal deficit not a human deficit, and we have a human deficit in this country. we have 27 million people either unemployed, working part time, unwillingly, or dropping out of the labor market. >> schieffer: let me work michelle into this conversation. as you sit here hearing this, it's always education that seems to wind up at the back of the line. >> that's right, that's right. and i think that in education, you are already starting to see a shift. if you look at what happened a couple weeks ago in chicago. you have a democratic mayor, rahm emanuel, who is facing a $300 million deficit in the city, who is looking at 80% of the children in the city not operating on grade level in reading or mathematics. where they had the shortest school day and school year of anywhere in the country, and he's finally, uplike many democratic politicians, said enough is enough. i'm not going to give you these raises without-- what the union wanted was lifetime job security and absolutely no accountability. so he said we can't-- we can't continue on that track. and i think for him
we're focused on a fescal deficit not a human deficit, and we have a human deficit in this country. we have 27 million people either unemployed, working part time, unwillingly, or dropping out of the labor market. >> schieffer: let me work michelle into this conversation. as you sit here hearing this, it's always education that seems to wind up at the back of the line. >> that's right, that's right. and i think that in education, you are already starting to see a shift. if you look...
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, indirectly, they're selling the deficits to the banks and the fed's buying it from the banks. this is a bit like argentina, it's a bit like latin america. is there an inflationary bubble coming? >> i don't think so and here's the bottom line, we can't get industry, the manufacturers, the folks that want to borrow this money, we can't get them to take on projects. i do think the politicalization of wall street right now, the ceos don't want to invest because they don't know about the tax cuts. but we have trillions of dollars that is ready to get into money flow. we need the money to get higher velocity and they're not doing it because they can't get a return on their investment. >> what's romney going to stay in the debate tomorrow to really articulate -- >> he's not going to be able to say those trillions can -- >> here's what romney said, to the extent that there's been any recovery at all, to the extent that there's been any economy growth at all, it's been -- whatever we have had has been completely funded -- remember what obama said, i'm going to build a new foundation. i
, indirectly, they're selling the deficits to the banks and the fed's buying it from the banks. this is a bit like argentina, it's a bit like latin america. is there an inflationary bubble coming? >> i don't think so and here's the bottom line, we can't get industry, the manufacturers, the folks that want to borrow this money, we can't get them to take on projects. i do think the politicalization of wall street right now, the ceos don't want to invest because they don't know about the tax...
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it was $200 billion deficit instead. and now we have a major question facing the american people as to whether we'll deal with this deficit and get it down for the sake of a healthy recovery. virtually every economic analysis that i've heard of, including the distinguished congressional budget office, which is respected by, i think, almost everyone, says that even with historically high levels of economic growth, we will suffer a $263 billion deficit. in other words, it doesn't converge as the president suggests. it gets larger even with growth. what that means is that we will continue to have devastating problems with foreign trade. this is the worst trade year in american history by far. our rural and farm friends will have continued devastation. real interest rates -- the real cost of interest -- will remain very, very high, and many economists are predicting that we're moving into a period of very slow growth because the economy is tapering off and may be a recession. i get it down to a level below 2% of gross nation
it was $200 billion deficit instead. and now we have a major question facing the american people as to whether we'll deal with this deficit and get it down for the sake of a healthy recovery. virtually every economic analysis that i've heard of, including the distinguished congressional budget office, which is respected by, i think, almost everyone, says that even with historically high levels of economic growth, we will suffer a $263 billion deficit. in other words, it doesn't converge as the...
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Sep 26, 2012
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deficit. if they want to pay, that's the problem. misery needs to make the tough decisions. should they be put in the mix of whether we've reduced 70 or high-speed rail? is probably in the mix, but i don't think is before us now. i want to see what the load factors to be. that's my world. i want to see supply and demand. if the demand there? will supply. if not, we're not in a position to build it and they will come. we are just not there. >> jim higgins. >> okay, well i am not a transportation expert and i don't think these guys are either. actually i graduated from school as a civil engineer, but they work five years as a civil engineer, but lately i've computers. but why should a bureaucrat decide, you know, what mode of transportation is best, whether we have rail or highway is? it got us in trouble in the beginning. we built all these highways. we overdo it on the highways. now we have pollution and gas consumption because some bureaucrat decided that we needed highways. while now were tr
deficit. if they want to pay, that's the problem. misery needs to make the tough decisions. should they be put in the mix of whether we've reduced 70 or high-speed rail? is probably in the mix, but i don't think is before us now. i want to see what the load factors to be. that's my world. i want to see supply and demand. if the demand there? will supply. if not, we're not in a position to build it and they will come. we are just not there. >> jim higgins. >> okay, well i am not a...
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Sep 27, 2012
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now we have a $1 trillion deficit the last fiscal year. if the defense hawks of the military industrial complex want to increase defense spending -- is that not cry out for tax increases? if he was significant spending -- if you want more spending even though we did not have a major threat by the soviet union facing us, does that not require -- let me mention some some balls. i. simpson bowles calls for cuts in defense. >> people thought a lot of figures. on a few of them are right. defense spending is only 20% of the discretionary budget. the defense of the country is -- we do have to see that that is being maintained at an adequate level. no one suggest we are in less dangerous times. the reverse is true. cyberwarfare. thing about north korea. -- think about north korea. we have the kind of unlevel playing field that has worked so well all this time. we're not going into a period that is fatal. how do you balance your budget is a bigger question. that is what we elected our members of congress to do, to make those tough decisions about e
now we have a $1 trillion deficit the last fiscal year. if the defense hawks of the military industrial complex want to increase defense spending -- is that not cry out for tax increases? if he was significant spending -- if you want more spending even though we did not have a major threat by the soviet union facing us, does that not require -- let me mention some some balls. i. simpson bowles calls for cuts in defense. >> people thought a lot of figures. on a few of them are right....
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and accumulating greater debt, that the country had a budget deficit, a trade deficit, a balance of payments deficit, and the fourth one you brought up was a leadership deficit. >> leadership is the greatest. >> can i ask you both, describe what is the problem with what appears to be in your mind a leadership deficit, that we're not getting the leadership on this key issue either from this president or past presidents, this congress or pass congresses/ what does it take to get elected officials to tackle at an issue, increasing their taxes? >> let's start with the families. they will get their attention. the voters have to understand all this, which they did not, and voters need to understand what we have to do to get all this corrected, and they do not. if we ever get that over to the voters, they will vote for the people who are geared up, ready, and know how to do it and are running on that basis, and then we can change this country forever and get us back to where we used to be when i was a boy in the depression. why schoolteachers and would have been doctors, lawyers, indian ch
and accumulating greater debt, that the country had a budget deficit, a trade deficit, a balance of payments deficit, and the fourth one you brought up was a leadership deficit. >> leadership is the greatest. >> can i ask you both, describe what is the problem with what appears to be in your mind a leadership deficit, that we're not getting the leadership on this key issue either from this president or past presidents, this congress or pass congresses/ what does it take to get...
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for instance, has numbers that are well known, and germany, it is really getting close to a neutral deficit situation. but they still have a fairly heavy debt burden on their shoulders. first, it is difficult to the country specific within the european union, even more so with than the eurozone. second, they are growth conducive -- there are growth conducive policies to put in place. in the short term there are budgetary allocations can be used to simulate the job market and give people training, making sure that this still fits what was described by others before me. that is one example. the second example, which has more to do with medium-term and long-term is the series of reforms within place in many of the euro area member states. stronger competition authorities for those professions in other places as well. that is what i mean by growth- friendly measures. short-term for some, no medium terms in results, consequences, or affects. >> a big extension of that, what is your sense of how long it will take those stressful measures of the type the mentioned to pay off? especially in terms o
for instance, has numbers that are well known, and germany, it is really getting close to a neutral deficit situation. but they still have a fairly heavy debt burden on their shoulders. first, it is difficult to the country specific within the european union, even more so with than the eurozone. second, they are growth conducive -- there are growth conducive policies to put in place. in the short term there are budgetary allocations can be used to simulate the job market and give people...
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Sep 30, 2012
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it all adds to the deficit. they have got to go out there this is all on the surface of tax cuts for the super wealthy. where i come from, we have one of the highest per-capita incomes in the nation. what i found out is wealthy people are just as patriotic as poor folks. they are just as decent and just as good. they are not asking for these tax cuts. that me give you an example. by extending the bush tax cuts for the wealthy, $500 billion goes to 120,000 families. $500 billion. a half a trillion dollars. how can that the right? -- how can that be right? the average income of those folks is $8.4 million the year. -- per year. they do not need a tax cut. that what? -- guess what? middle-class families need a a hand up. they need a bit of help. [cheers and applause] a voted against extending the middle class tax cuts permanently. the voted against it. why? because they were holding it hostage to make sure they could continue the tax cuts i just mentioned. it almost sounds unbelievable. on top of the, how romney ha
it all adds to the deficit. they have got to go out there this is all on the surface of tax cuts for the super wealthy. where i come from, we have one of the highest per-capita incomes in the nation. what i found out is wealthy people are just as patriotic as poor folks. they are just as decent and just as good. they are not asking for these tax cuts. that me give you an example. by extending the bush tax cuts for the wealthy, $500 billion goes to 120,000 families. $500 billion. a half a...
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Sep 30, 2012
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we have gone from the biggest deficits to the biggest surpluses. we have gone from a triple-dip recession during the previous 12 years to a tripling of the stock market. instead of a high unemployment, we have the lowest african- american and latin american unemployment rates in history and 22 million new jobs. it's not good enough. too many people have been left behind. we have got to do much more. the key is job training, education, investments in health care and education, environment, retirement security. and incidentally, we have got to preserve social security. i'm totally opposed to diverting one out of every six dollars out of the social security trust fund, as the governor has proposed, into the stock market. i want new incentives for savings and investment for the young couples who are working hard so they can save and invest on their own on top of social security, not at the expense of social security, as the governor proposes. >> two points. one, a lot of folks are still waiting for that 1992 middle- class tax cut. i remember the vice p
we have gone from the biggest deficits to the biggest surpluses. we have gone from a triple-dip recession during the previous 12 years to a tripling of the stock market. instead of a high unemployment, we have the lowest african- american and latin american unemployment rates in history and 22 million new jobs. it's not good enough. too many people have been left behind. we have got to do much more. the key is job training, education, investments in health care and education, environment,...
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Sep 30, 2012
09/12
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one thing that both sides could agree on today is the pace of deficit reduction. they may go about it different ways but we need to bring the deficit down graduly. right now we are facing the fiscal cliff. nothing will be resolved before november. i believe political forces after the november election will push both sides to a compromise. the one tax that will come down is the uncertainty tax. the uncertainty of washington politics will be positive for the u.s. economy. >> that's true. companies have been in lockdown mode. they don't want to make a decision with uncertainty out there. >> it is infuriating. >> it is. >> watatching washington not understand the incredible drag they put on the u.s. economy by not making a decision. american business is very good at makes money if they tell you the rules of the game. it is like you are playing the first half of the game but you don't know the rules the second half. what does everybody do? they wait and see. getting past that, a plan to bring the deficit down gradually and knowing the taxes over the next decade would b
one thing that both sides could agree on today is the pace of deficit reduction. they may go about it different ways but we need to bring the deficit down graduly. right now we are facing the fiscal cliff. nothing will be resolved before november. i believe political forces after the november election will push both sides to a compromise. the one tax that will come down is the uncertainty tax. the uncertainty of washington politics will be positive for the u.s. economy. >> that's true....
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Oct 2, 2012
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, deficits among women. he's got to make ground up in this 90 minutes. it's not a long time. he has to please republicans who have been calling for him to get more specific in terms of his plans around tax reform and all sorts of other ideas he has. he has a real tall order going into this debate. >> governor romney is dogged about the 47% remark. i want to show the interview he did this week with a local affiliate. >> if you could go back to that fund-raiser, would you have said it differently? >> it's difficult for me to know how they will cobble 51% of the people. i'm going to be a president for the 100% of the people. i demonstrated throughout my life. >> the question should be if you could go back, would you sweep that room for cameras to make sure you weren't being recorded. will that answer be enough when asked about this? as he is sure to be asked about this tomorrow night. >> i'm sure, obviously, that was a very inartful statement he said. i'm sure had he hit the rewind button, he would do it all ov
, deficits among women. he's got to make ground up in this 90 minutes. it's not a long time. he has to please republicans who have been calling for him to get more specific in terms of his plans around tax reform and all sorts of other ideas he has. he has a real tall order going into this debate. >> governor romney is dogged about the 47% remark. i want to show the interview he did this week with a local affiliate. >> if you could go back to that fund-raiser, would you have said it...
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he talked about lowering the deficit in half, not redistributing wealth. and not, as he said, hurting the taxpayer and gtting rid of broad and things like that. i think these economists look at numbers and they see reality, they featu $6 trillion in debt. and they figure it is time to move on. neil: having said that, they seem to have crunched the numbers and looked on the weakness of this recovery and concluded maybe a fresh start is in order. but doesn't factor in a smart money angle that we are missing? smart money seems to be saying that there is not mh money for this recovery to be had. >> will look at their records. we have president obama who hasn't had any experience in the private sector and we have governor romney who does understand. america, yes, we do need a ceo in chief. we also need someone who understands that the business leadership to be able to broker and work in washington where there is a lot of polarized politics. governor romney is adjusting licies that democrats and republicans can agree. we need to simplify the tax code, we need to
he talked about lowering the deficit in half, not redistributing wealth. and not, as he said, hurting the taxpayer and gtting rid of broad and things like that. i think these economists look at numbers and they see reality, they featu $6 trillion in debt. and they figure it is time to move on. neil: having said that, they seem to have crunched the numbers and looked on the weakness of this recovery and concluded maybe a fresh start is in order. but doesn't factor in a smart money angle that we...
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Sep 28, 2012
09/12
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s debtore anus >> trillion dollar deficits. that debt is owned by somebody. someone holds that. that puts america in a position of economic risk. >> reporter: but even supporters are split on how romney can win this race. >> there is more fire in the be >> he needs tock wite s. abo t economy. >> reporter: more than half the country already started voting days before the first presidential debate. more numbers now. gallup is reporting the president's approval rating is sticking at 50%. and this could turn out to be his bestonth in a year. >> trapofos washington. thank you. >>> last night on the rachel madow show bill burton talked to racel about the impact or lack thereof super packs are having on the romney campaign. ory tel about mitt t romney is there is no story about mitt romney. the story they tell about barack obama is well he's always bad things. if you're trying to figure out well what is it that - what's the strategy here? how are we trying toin ts ra itorfi on their side. that's why they're so inefficient with their money. spending is a wreck. message is all over the p
s debtore anus >> trillion dollar deficits. that debt is owned by somebody. someone holds that. that puts america in a position of economic risk. >> reporter: but even supporters are split on how romney can win this race. >> there is more fire in the be >> he needs tock wite s. abo t economy. >> reporter: more than half the country already started voting days before the first presidential debate. more numbers now. gallup is reporting the president's approval rating...
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Oct 3, 2012
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the deficit number? >> probably the deficit. i think if you are the president's campaign you're less worried about romney's numbers right now. on the one hand the 40% right direction is the highest it has been in 3 1/2 years and any incumbent heading in that is momentum. 53% say the country is headed in the wrong track. i think this for the president is not about mitt romney. those advantages, chuck, on china, foreign policy and the deficit aren't as strong as for usual republicans. and the final point i would make is i think the important thing for this election is that braump has a 52 positive, 42 negative image. mitt romney has a negative image. only two have had a net negative image at this point and one of them loss, george h.w. bush and romney needs to improve that dynamic. >> democratic pollster. thank you very much to both of you. we have to get back in the field. let's keep poling. just two days away from friday's jobs report. we will get a quick preview on wall street on the market run down. and then we are taking a tr
the deficit number? >> probably the deficit. i think if you are the president's campaign you're less worried about romney's numbers right now. on the one hand the 40% right direction is the highest it has been in 3 1/2 years and any incumbent heading in that is momentum. 53% say the country is headed in the wrong track. i think this for the president is not about mitt romney. those advantages, chuck, on china, foreign policy and the deficit aren't as strong as for usual republicans. and...
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Sep 27, 2012
09/12
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that is a fundamental structural shift and it is produced -- it has produced record-setting deficits and putting us in a path of greece and where much of europe are. the economy is teetering on the edge of recession. the were seen can do is jacked up taxes on small businesses and entrepreneurs or job creators. that makes it all the more likely to push us into a recession. and for the 23 million people who struggling for work, the worst thing to do is hurt the small businesses that create those jobs. >> it is fair to say that the president has reduced taxes. he has reduced taxes for small businesses 18 times. he cut taxes for '95 -- for 95% of families out there. the question is do we ask everybody to sacrifice? when you look at the marginal rate in the united states, when ronald reagan took office, the marginal office with 71% to 72%. it is interesting to me that the greatness that people speak of in terms of the united states, when we talk about the 1940's, the 1950's, the 1960's, 1970's, the marginal rate that folks paid was much greater. nobody says we will go back to that. at the
that is a fundamental structural shift and it is produced -- it has produced record-setting deficits and putting us in a path of greece and where much of europe are. the economy is teetering on the edge of recession. the were seen can do is jacked up taxes on small businesses and entrepreneurs or job creators. that makes it all the more likely to push us into a recession. and for the 23 million people who struggling for work, the worst thing to do is hurt the small businesses that create those...
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Sep 30, 2012
09/12
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a bunlet deficit, but also an investment of jobs, an income deficit. people are working harder for less money than they were making ten years ago. the $16 hundred drop in the st two years. the problem with the perot prescription is that a economists that talk about it, if you cut the deficit, it will slow down the economy. that's why i think we shouldn't do it that quickly. we have a discipline over the next five years. first, et inseptemberives to inv we have to investgrowth. they have endorsed that approach because it offers the best growth to put america back to get the income rising. >> president bush. >> i disagree with mr. don't think it's fair to slap a 50 cent tax over the many years of the people that drive for a living and peop that go long distances. i don't think we need to it. i agree what talking getting the spending down and the discipline although i think we should exempt social security. he's talking tough medicine. i diith the tax and spend philosophy. i don't think we need to tax more and spend more and say that is going to make the
a bunlet deficit, but also an investment of jobs, an income deficit. people are working harder for less money than they were making ten years ago. the $16 hundred drop in the st two years. the problem with the perot prescription is that a economists that talk about it, if you cut the deficit, it will slow down the economy. that's why i think we shouldn't do it that quickly. we have a discipline over the next five years. first, et inseptemberives to inv we have to investgrowth. they have...
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Oct 2, 2012
10/12
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we've got that rainfall deficit to talk about as well. we are running at 11% of average rainfall, adding to that fire danger. temperatures will stay pretty warm this evening and overnight tonight. but after tomorrow, there is a significant weather change. we're going to other direction. >>> prosecutors say gisele esteban killed leigh out of jealousy for a boyfriend. >>> a judge has suspended court proceedings for the man accused of carrying out a mass shooting in oakland. 43-year-old one goh's lawyer is questioning his mental capacity to stand trial. the judge ordered two psychiatrists to examine goh and report their findings in court next month. goh is accused of killing seven people at oikos university in april. >>> an albany middle schoolteacher who had been accused of lewd acts with a former student has died. james izumizaki was a popular sixth grade teacher. he was arrested last wednesday after police received a complaint and posted bail. the alameda county sheriff's office is investigating the death as a suicide. >>> most of us know
we've got that rainfall deficit to talk about as well. we are running at 11% of average rainfall, adding to that fire danger. temperatures will stay pretty warm this evening and overnight tonight. but after tomorrow, there is a significant weather change. we're going to other direction. >>> prosecutors say gisele esteban killed leigh out of jealousy for a boyfriend. >>> a judge has suspended court proceedings for the man accused of carrying out a mass shooting in oakland....
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Sep 30, 2012
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one thing both sides could agree on actually today is the face of deficit reduction. they may go about it different ways but we need to bring the deficit down gradually. right now we're facing the fiscal cliff. nothing will get resolved before november, but i believe political forces after the november election will push both sides to a compromise. i do think we'll see a compromise. you know, the one tax that's got to come down next year is the uncertainty tax, the uncertainty about washington policy will be reduced over the next six months and be a positive for the u.s. economy. >> it's true, because companies have been in lockdown mode. they don't want to make decision with this uncertainty out there. >> it's so infuriating watching -- >> it is. >> -- washington not understand the incredible drag they put on the u.s. economy by simply not making a decision on these basic -- you know, american business is very good at making money if you tell them the rules of the game but it's like playing -- you're playing the first half of the game but don't know what the rules ar
one thing both sides could agree on actually today is the face of deficit reduction. they may go about it different ways but we need to bring the deficit down gradually. right now we're facing the fiscal cliff. nothing will get resolved before november, but i believe political forces after the november election will push both sides to a compromise. i do think we'll see a compromise. you know, the one tax that's got to come down next year is the uncertainty tax, the uncertainty about washington...
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Sep 26, 2012
09/12
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over the last four years the deficit has gone up. but 90% of that is consequence of two wars that weren't paid for. prescription drug plan that wasn't paid for. worst economic disaster since depression. >> dana: he got four pinocchios. >> greg: nobody is buying this. this is presidential equivalent of the dog ate my homework or the president ate my dog who ate my homework. let it go. it's over. both parties are to blame about spending. but he tied a rocket to it. you know? that is a fat guy tweaking. >> do we even know what kind of dog? >> dana: i don't really -- >> eric: talk walking down the street -- >> greg: who speaks for eaten dog. >> bob: good example of -- do go ahead. >> eric: to give you an example. okay. so -- [over talking ] under president obama whic thiss what we have gotten. $100, economic activity. it cost us $3 trillion. $300 in debt. but to get $300 in debt, you have to spend $700. you have to spend $700 to get the $100 economic activity under president obama. >> kimberly: don't give that to bob. >> eric: give me a
over the last four years the deficit has gone up. but 90% of that is consequence of two wars that weren't paid for. prescription drug plan that wasn't paid for. worst economic disaster since depression. >> dana: he got four pinocchios. >> greg: nobody is buying this. this is presidential equivalent of the dog ate my homework or the president ate my dog who ate my homework. let it go. it's over. both parties are to blame about spending. but he tied a rocket to it. you know? that is a...
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Oct 3, 2012
10/12
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and voters will be looking to hear more details about his plan to lower taxes and the deficit. >> i think that you'll hear a great deal of specifics and most importantly, you'll hear the contrast. the president's reforms haven't done enough to help the economy. >> both campaigns have gone through the motions of lowering expectations for tonight. but both candidates are season debaters. >> it's all about the economy tonight. the first three 15 minute segments will be devoted to that topic. in denver, colorado, danielle nottingham, derek, back to you. >> all right, thank you danielle. back here, the political editor is with me. you have a focus group outside the beltway to help us out. >> the correspondent organized a focus group in richmond, a half dozen people who are split parties and will talk to them and see when they sought. you're right, the judgment is who won? >> the big question among those voters must be, are any of them among the persuadeables? a small percentage out there. >> it's hard to tell how many people really are persuadeable at this point. for that matter, how many of o
and voters will be looking to hear more details about his plan to lower taxes and the deficit. >> i think that you'll hear a great deal of specifics and most importantly, you'll hear the contrast. the president's reforms haven't done enough to help the economy. >> both campaigns have gone through the motions of lowering expectations for tonight. but both candidates are season debaters. >> it's all about the economy tonight. the first three 15 minute segments will be devoted to...
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Oct 3, 2012
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message we're serious about retaining the deficit reduction we have. that's the hardest thing to get down in the lame duck. the other thing to remember there are three different problems. problem number one is the fiscal cliff. it's the -- problem number two is the debt increase that would come the problem is the fiscal path is unsustainable and dangerous to america. .. >> we need to extend the debt ceiling and it's the fundamentals that will forever get rid of fiscal cliffs and sequesters. that is the best way to go. >> do you have anything to add? >> so the way that we got here to the fiscal was a bunch of cans getting kicked down the road. and they are and when in the wrong place at the wrong time. part of the fiscal clip is part of these cans at the end of the road. there is a good part of the clip, and that is the part that is throughout the rest of the ten-year budget window. something that we call -- you know, how the fiscal cliff later in the ten-year window would cause economic growth. that's very important hold onto because we have been in th
message we're serious about retaining the deficit reduction we have. that's the hardest thing to get down in the lame duck. the other thing to remember there are three different problems. problem number one is the fiscal cliff. it's the -- problem number two is the debt increase that would come the problem is the fiscal path is unsustainable and dangerous to america. .. >> we need to extend the debt ceiling and it's the fundamentals that will forever get rid of fiscal cliffs and...
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Sep 26, 2012
09/12
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what spain and greece are doing is trying to cut the budget deficit with 25% unemployment, and doing it when bond yields are too high to be able to dip into the market, especially for greece. so these countries have been forced to do this by the markets, brooke, not by politicians. their hand has been forced and now they're telling their people on streets they have got to be the ones that suffer the most. ironically, of course, the u.s. treasury have benefitted from all the european upheaval. it made it easier for the u.s. not to make the tough choices at this moment. any country trying to cut the budget deficit, it is harder to do while that country is in recession. it actually makes the recession worse, which makes it -- it has to be more cuts in order to meet the deficit targets. it is nearly impossible to see how the countries can do that. >> so you point out, you negotiation unemployment rate 25% in spain, running down more numbers, 54% of greeks under age 25 are unemployed. are major spending cuts raising retirement age here to 67, will that work for spain and greece? >> well,
what spain and greece are doing is trying to cut the budget deficit with 25% unemployment, and doing it when bond yields are too high to be able to dip into the market, especially for greece. so these countries have been forced to do this by the markets, brooke, not by politicians. their hand has been forced and now they're telling their people on streets they have got to be the ones that suffer the most. ironically, of course, the u.s. treasury have benefitted from all the european upheaval....
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Sep 30, 2012
09/12
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registered another 12 months of deficits. the federal deficit for the year will wind up being about $1.5 trillion. that runs up america's borrowing or the national debt to more than $16.5 trillion. >>> still ahead a trail bladeser in the president debate history. carol simpson on gender equality for debate monitoring. you're watching weekends with alex witt. complete multivitamin designed for women's health concerns as we age. it has more of 7 antioxidants to support cell health. one a day 50+. share everything by turning your smartphone into a mobile hotspot for up to 8 wifi-enabled devices at no extra charge. like the new droid razr m by motorola only $99.99. your soups are so awesomely delicious my husband and i can't stop eating 'em! what's...that... on your head? can curlers! tomato basil, potato with bacon... we've got a lot of empty cans. [ male announcer ] progresso. you gotta taste this soup. >> let's talk about why does paul lieian's attitude toward debate prep suggest. how does it contrast with joe biden's? >> he's
registered another 12 months of deficits. the federal deficit for the year will wind up being about $1.5 trillion. that runs up america's borrowing or the national debt to more than $16.5 trillion. >>> still ahead a trail bladeser in the president debate history. carol simpson on gender equality for debate monitoring. you're watching weekends with alex witt. complete multivitamin designed for women's health concerns as we age. it has more of 7 antioxidants to support cell health. one a...
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Sep 25, 2012
09/12
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higher deficits can do more damage. you know, the fact is, right now, i would recommend president obama use it in the debate. it is one of the reasons why we have the deficits. that is what they are doing. and so there is not corporate revenue being taxable revenue. the president's plan has been a little bit of moving pieces. they cut the rate to 28%. the president's position is that we should start from the position. we have the lowest corporate revenue to gdp that you could imagine with the highest rate. it is a five alarm fire at the way to address that is to increase taxes. >> i wanted to have a follow-up. i heard the interview last night, playing upper income and middle and come. -- income. they would not see their taxes changed overall. he talked about loopholes but did not go into specifics. help us understand what the dividing line is between middle income and upper income in his mind. >> i am not a psychic, it is not a conversation i have had. it is definitely where you draw the line between upper and middle in
higher deficits can do more damage. you know, the fact is, right now, i would recommend president obama use it in the debate. it is one of the reasons why we have the deficits. that is what they are doing. and so there is not corporate revenue being taxable revenue. the president's plan has been a little bit of moving pieces. they cut the rate to 28%. the president's position is that we should start from the position. we have the lowest corporate revenue to gdp that you could imagine with the...
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Oct 3, 2012
10/12
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mitt romney, doesn't have a deficit reduction plan. he wants to spend $2 trillion more in defense, $5 trillion more in a tax cut won't tell us how you pay for, before you even start talking about deficit reduction. it's a joke to think mitt romney will actually take action to redaus the deficit. >> taxes, this week he did come out with this proposal of eliminating $17,000 in deductions. >> right. >> your response to that? >> well, you know, he left out a number of different details of that proposal but i would also say that limiting deductions to $17,000 for middle-class families still results in a tax increase. even in just the health premium deduction, for families last year, were about $15,000. there you go. what happens to the mortgage deduction, charitable deduction, child deduction. he's raising taxes on middle class families. >> if this comes up and mitt romney starts to do that math that paul ryan wouldn't do, i'm sure this will be a topic of discussion. >> how worried are you about the jobs report on friday? >> we face this ev
mitt romney, doesn't have a deficit reduction plan. he wants to spend $2 trillion more in defense, $5 trillion more in a tax cut won't tell us how you pay for, before you even start talking about deficit reduction. it's a joke to think mitt romney will actually take action to redaus the deficit. >> taxes, this week he did come out with this proposal of eliminating $17,000 in deductions. >> right. >> your response to that? >> well, you know, he left out a number of...
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Sep 27, 2012
09/12
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CNBC
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they're trying to get the deficit down to 4.5% deficit. quite frankly, that is pie in the skil according to pretty much all the analysts and the economists. and it's just a question of how much they'll miss by. because this economy is enacting extreme austerity, and this debate is relevant whether it's obama or romney. is austerity actually denting growth, is it creating more problems than it solves. let me give you one example. we have a sales tax in this country that has been raised from 16% to 18% to 21%. that has created a slight inflation issue. now, pensions are inflation linked. and this country in november has to increase pension abouts by inflation. so by raising 2.5 billion euro v.a.t., it will cost them 3.5 billion euro misincreased pension costs. so you can see the conundrum. they're enacting enormous amounts of austerity, but that's denting an economy which is already in recession. its second since 2008. and things are getting worse. 25% unemployment, a million up sold homes. and we haven't even talked about the banking crisis
they're trying to get the deficit down to 4.5% deficit. quite frankly, that is pie in the skil according to pretty much all the analysts and the economists. and it's just a question of how much they'll miss by. because this economy is enacting extreme austerity, and this debate is relevant whether it's obama or romney. is austerity actually denting growth, is it creating more problems than it solves. let me give you one example. we have a sales tax in this country that has been raised from 16%...